The mutual interdependence in an oligopoly is most similar to two people... A.holding hands B.on a tandem bicycle C.playing chess D.watching a movie together

The higher the concentration ratio, the greater is the degree of market-share information. A common practice is to distinguish among different market structure by degree of concentration. When CR1>90%, it is called? a. tight oligopoly b. effective monopoly c. effective competitive d. loose oligopoly

Firms in a perfectly competitive market are able to produce as many products as they want. How do they determine how many to make? Monopolies can charge as much as they want for a good but what is the tradeoff for the high price they receive? Oligopolies produce at a quantity and price that is different than Perfect Competition and Monopolies, why does this happen? Use graphs to demonstrate your answers to the first two markets and use a duopoly table example for an Oligopoly. **Please don't be too broad** Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure

Discuss the possible deviations from perfect competition and then focus on oligopolies. How can cartels coordinate to affect markets? What affects antitrust enforcers’ ability to detect cartels? Discuss with reference to one or more examples.